ET Stock - Energy Transfer LP
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $82.67B | $78.59B | $89.88B | $67.42B | $38.95B |
| Gross Profit | $15.69B | $13.80B | $13.31B | $13.45B | $10.25B |
| Gross Margin | 19.0% | 17.6% | 14.8% | 19.9% | 26.3% |
| Operating Income | $9.14B | $8.29B | $7.74B | $8.79B | $2.98B |
| Net Income | $4.81B | $3.94B | $4.76B | $5.47B | $-648,000,000 |
| Net Margin | 5.8% | 5.0% | 5.3% | 8.1% | -1.7% |
| EPS | $1.29 | $1.10 | $1.40 | $1.89 | $-0.24 |
Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,830 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. The company owns and operates natural gas gathering and natural gas liquid (NGL) pipeline, processing plant, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transport and supplies water to natural gas producer in Pennsylvania. It owns approximately 5,215 miles of NGL pipeline; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminal with an aggregate storage capacity of approximately 17 MMBbls. The company provides crude oil transportation, terminalling, acquisition, and marketing activities; and sells and distributes gasoline, middle distillate, and motor fuels and other petroleum product. It offers natural gas compression service; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management service; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalty, and generate electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. The company was founded in 1996 and is headquartered in Dallas, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 18th 2025 | Morgan Stanley | Downgrade | Equal Weight | $19 |
| October 29th 2025 | Jefferies | Initiation | Hold | $17 |
| September 2nd 2025 | Scotiabank | Initiation | Sector Outperform | $23 |
| July 7th 2025 | TD Cowen | Initiation | Buy | $22 |
| October 17th 2024 | BofA Securities | Resumed | Buy | $20 |
| October 6th 2023 | Goldman | Resumed | Neutral | $14 |
| October 3rd 2023 | Pickering Energy Partners | Initiation | Outperform | - |
| December 9th 2022 | Citigroup | Initiation | Buy | $16 |
Earnings History & Surprises
ETEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 10, 2026 | $0.36 | — | — | — |
Q4 2025 | Nov 5, 2025 | $0.33 | $0.28 | -16.0% | ✗ MISS |
Q3 2025 | Aug 6, 2025 | $0.33 | $0.32 | -2.7% | ✗ MISS |
Q2 2025 | May 6, 2025 | $0.36 | $0.36 | +0.4% | ✓ BEAT |
Q1 2025 | Feb 11, 2025 | $0.35 | $0.29 | -17.1% | ✗ MISS |
Q4 2024 | Nov 6, 2024 | $0.34 | $0.32 | -5.9% | ✗ MISS |
Q3 2024 | Aug 7, 2024 | $0.35 | $0.35 | +0.5% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $0.38 | $0.32 | -15.8% | ✗ MISS |
Q1 2024 | Feb 14, 2024 | $0.35 | $0.37 | +5.7% | ✓ BEAT |
Q4 2023 | Nov 1, 2023 | $0.29 | $0.31 | +6.9% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $0.33 | $0.25 | -24.2% | ✗ MISS |
Q2 2023 | May 2, 2023 | $0.37 | $0.32 | -13.5% | ✗ MISS |
Q1 2023 | Feb 15, 2023 | $0.38 | $0.34 | -10.5% | ✗ MISS |
Q4 2022 | Nov 1, 2022 | $0.38 | $0.29 | -23.7% | ✗ MISS |
Q3 2022 | Aug 3, 2022 | $0.36 | $0.39 | +8.3% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $0.32 | $0.37 | +15.6% | ✓ BEAT |
Q1 2022 | Feb 16, 2022 | $0.28 | $0.29 | +3.6% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $0.28 | $0.20 | -28.6% | ✗ MISS |
Q3 2021 | Aug 3, 2021 | $0.26 | $0.20 | -23.1% | ✗ MISS |
Latest News
Energy Transfer To Upsizes Transwestern Pipeline's Diameter From 42 Inches To 48 Inches To Meet Additional Client Demand
📈 PositiveEnergy Transfer Suspends The Development Of The Lake Charles LNG Project To Focus On Allocating Capital To Its Backlog Of Natural Gas Pipeline Infrastructure Projects
➖ NeutralMorgan Stanley Downgrades Energy Transfer to Equal-Weight, Maintains Price Target to $19
➖ NeutralMorgan Stanley Maintains Overweight on Energy Transfer, Lowers Price Target to $19
📈 PositiveJP Morgan Maintains Overweight on Energy Transfer, Lowers Price Target to $21
➖ NeutralScotiabank Maintains Sector Outperform on Energy Transfer, Lowers Price Target to $21
➖ NeutralEnergy Transfer Q3 EPS $0.28 Misses $0.36 Estimate, Sales $19.954B Miss $21.453B Estimate
📉 NegativeEntergy Louisiana, Energy Transfer LP Sign 20-Year Natural Gas Agreement To Provide Affordable Energy To Clients In North Louisiana
📈 PositiveEnergy Transfer Increases Quarterly Dividend From $0.33 Per Share To $0.3325 Per Share
📈 PositiveBarclays Maintains Overweight on Energy Transfer, Maintains $25 Price Target
📈 PositiveUBS Reiterates Buy on Energy Transfer, Maintains $22 Price Target
📈 PositiveUBS Issues Note Saying Energy Transfer To Supply Natural Gas For Oracle AI Data Centers Via VoltaGrid Partnership, Gives Stock 12-Month 'Buy' Rating With $22/Share Price Target
📈 PositiveVoltaGrid Collaborates With Oracle To Power Next-Gen AI Data Centers; VoltaGrid Will Deploy 2,300 MW Of Cutting-Edge, Ultra-Low-Emissions Infrastructure, Supplied By Energy Transfer's Pipeline Network, To Support The Energy Demands Of OCI Next-Generation AI Data Centers
📈 PositiveFourPoint Resources and Energy Transfer Partner to Double Export Capacity at Price River Terminal
📈 PositiveET rises after a six-day slide
📈 Positive'Energy Transfer and EIG's MidOcean Close to Finalizing US LNG Supply Deal'- Bloomberg
📈 PositiveScotiabank Initiates Coverage On Energy Transfer with Sector Outperform Rating, Announces Price Target of $23
📈 PositiveMorgan Stanley Maintains Overweight on Energy Transfer, Lowers Price Target to $23
➖ NeutralU.S. Department Of Energy Grants Lake Charles LNG Extended Deadline To Commence Exports Under Non-FTA Export Permit
📈 PositiveEnergy Transfer snaps six consecutive sessions of losses
📈 PositiveFrequently Asked Questions about ET
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